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S.B. 193
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VETOES
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(2) 20% OF UP TO THE FIRST $6,000 OF THE WAGES PAID TO THE
QUALIFIED EX-FELON EMPLOYEE DURING THE SECOND YEAR OF EMPLOYMENT.
(C) (1) A BUSINESS ENTITY MAY NOT CLAIM THE CREDIT UNDER THIS
SECTION FOR AN EMPLOYEE:
(I) WHO IS HIRED TO REPLACE A LAID-OFF EMPLOYEE OR TO
REPLACE AN EMPLOYEE WHO IS ON STRIKE; OR
(II) FOR WHOM THE BUSINESS ENTITY SIMULTANEOUSLY
RECEIVES FEDERAL OR STATE EMPLOYMENT TRAINING BENEFITS.
(2) A BUSINESS ENTITY MAY NOT CLAIM THE CREDIT UNDER THIS
SECTION UNTIL IT HAS NOTIFIED THE DEPARTMENT THAT A QUALIFIED EX-FELON
EMPLOYEE HAS BEEN HIRED.
(3) A BUSINESS ENTITY MAY CLAIM A CREDIT IN THE AMOUNT
PROVIDED IN PARAGRAPH (5) OF THIS SUBSECTION FOR AN EMPLOYEE WHOSE
EMPLOYMENT LASTS LESS THAN 1 YEAR IF THE EMPLOYEE:
(I) VOLUNTARILY TERMINATES EMPLOYMENT WITH THE
EMPLOYER;
(II) IS UNABLE TO CONTINUE EMPLOYMENT DUE TO A DISABILITY
OR DEATH; OR
(III) IS TERMINATED FOR CAUSE.
(4) A BUSINESS ENTITY MAY NOT CLAIM THE CREDIT UNDER THIS
SECTION IF THE BUSINESS ENTITY IS CLAIMING A TAX CREDIT FOR THE SAME
EMPLOYEE UNDER ARTICLE 88A, § 54 OF THE CODE OR § 21-309 OF THE EDUCATION
ARTICLE.
(5) (I) IF A BUSINESS ENTITY IS ENTITLED TO A TAX CREDIT FOR AN
EMPLOYEE WHO IS EMPLOYED FOR LESS THAN 1 YEAR BECAUSE THE EMPLOYEE
VOLUNTARILY TERMINATES EMPLOYMENT WITH THE EMPLOYER TO TAKE ANOTHER
JOB, THE BUSINESS ENTITY MAY CLAIM A TAX CREDIT OF 30% OF UP TO THE FIRST
$6,000 OF THE WAGES PAID TO THE EMPLOYEE DURING THE COURSE OF
EMPLOYMENT.
(II)' IF A BUSINESS ENTITY IS ENTITLED TO A TAX CREDIT FOR AN
EMPLOYEE WHO IS EMPLOYED FOR LESS THAN 1 YEAR FOR A REASON OTHER THAN
THAT DESCRIBED IN SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE AMOUNT OF THE
CREDIT SHALL BE REDUCED BY THE PROPORTION OF A YEAR THAT THE EMPLOYEE
DID NOT WORK.
(D) IF THE CREDIT ALLOWED UNDER THIS SECTION IN ANY TAXABLE YEAR
EXCEEDS THE TOTAL TAX OTHERWISE PAYABLE BY THE BUSINESS ENTITY FOR THAT
TAXABLE YEAR, A BUSINESS ENTITY MAY APPLY THE EXCESS AS A CREDIT FOR
SUCCEEDING TAXABLE YEARS UNTIL THE EARLIER OF:
(1) THE FULL AMOUNT OF THE EXCESS IS USED; OR
- 2986 -
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